, swung to a loss for its latest quarter, which included various deal-related and other charges, such as $468 million for restructuring and other matters, as well as $589 million in content-related writedowns.
The results fell short of Wall Street estimates. Quarterly revenue fell 3 percent to nearly $6.9 billion. Elsewhere at the studio, Bakish reported the CBS network is spending less on pilots this year, "because they feel very good about where the network is and therefore are able to be more prudent." That was offset by "ramping demand" in ViacomCBS' third party studio production business.
The "House of Brands" product, yet to be named, will add content from Nickelodeon, Comedy Central, MTV, BET and other channels, "And we will do this at scale," backed by around 30,000 episodes of TV and up to 1,000 movies," Bakish told analysts. A soft launch of the "House of Brands" offering is expected later this year.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
ViacomCBS Swings to Loss in First Post-Merger ResultsViacomCBS reported a loss in the fourth quarter, its first as a new entity forged from the former Viacom Inc. and CBS Corp., showing that the merged company faces many of the same tough operating c…
Источник: Variety - 🏆 108. / 63 Прочитайте больше »
ViacomCBS Swings to Loss in First Report After MergerViacomCBS, in its first earnings report since the recombination of Viacom and CBS, swung to a loss, including deal-related and other charges. Management called the period a 'transitional' quarter. The stock fell sharply in pre-market trading.
Источник: THR - 🏆 411. / 53 Прочитайте больше »
ViacomCBS Swings to Loss in First Post-Merger ResultsViacomCBS reported a loss in the fourth quarter, its first as a new entity forged from the former Viacom Inc. and CBS Corp., showing that the merged company faces many of the same tough operating c…
Источник: Variety - 🏆 108. / 63 Прочитайте больше »
ViacomCBS Swings to Loss in First Report After MergerViacomCBS, in its first earnings report since the recombination of Viacom and CBS, swung to a loss, including deal-related and other charges. Management called the period a 'transitional' quarter. The stock fell sharply in pre-market trading.
Источник: THR - 🏆 411. / 53 Прочитайте больше »
United ViacomCBS Swung To 4Q Loss, Cites Merger CostsViacomCBS saw revenue dip and swung to red for the last three months of 2019, which CEO Bob Bakish called a “transitional” fourth quarter that is the first for the company since it merg…
Источник: DEADLINE - 🏆 109. / 63 Прочитайте больше »